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CoreLogic: Australian housing market surpasses $8 trillion valuation

CoreLogic today announced its estimate of the total value of residential real estate in Australia has reached $8.1 trillion.

National Queensland (Qld)

People

Gold Coast glamour sells for $2.7 million

A luxurious property in one of Queensland’s most affluent areas has sold via online auction for $2.7 million, after sitting idle on the market for several years.

People

The creation of REAL Specialists

Jared and Shallain Hodge embarked on a new journey when they realised the old franchise model was dead.

Queensland (Qld)Brisbane

Featured Property

Romantic Chelmer home in prestigious setting with separate studio for sale – Place

Built in 1947, this charming residence features beautiful gardens, modern updates and a functional separate studio. For sale by Ann-Karyn Fraser of Place New Farm.

National

The Economy

Detached dwelling approvals reach new record - HIA

“Detached building approvals in March reached their highest level since the ABS began this series in 1983,” stated Senior Economist, Nick Ward.

New South Wales (NSW)

People

REAL Specialist makes three record breaking sales across different categories

As an independent operator, Mason Garten appreciates the strong back of house support provided by REAL Specialists.

Victoria (Vic.)

The Economy

Victoria’s OC Laws: The 5 Changes to Watch in 2021

If you own an apartment, townhouse or other strata-titled property, new laws affecting your Owners Corporation (OC), are due to take effect from 1 December 2021.

National

The Economy

First home buyers help drive housing market - HIA

“First home buyers accounted for 41 per cent of new loans issued over the past six months, the highest for more than a decade,” stated HIA’s Senior Economist, Nick Ward.

Queensland (Qld)Brisbane

Featured Property

Clayfield family entertainer with district views - Place

The home is well designed for families with growing children, who want room to move. For sale by Ann-Karyn Fraser of Place New Farm.

National

The Economy

Growth in housing finance approvals resumes - REIA

The March 2021 Lending to Households and Business figures released today by the Australian Bureau of Statistics show that the value of new loan commitments for housing rose again after a fall in February which came after eight consecutive months of growth, according to the Real Estate Institute of Australia (REIA).

Pages

News Roundup

http://www.latimes.com/business/la-fi-retail-housing-20170929-story.html#nws=mcnewsletter

Dying shopping malls can make room for new condos and apartments

The demise of retail centres across the US provides one of the best chances to add needed housing in California’s urban regions.

LA Times

https://www.smartpropertyinvestment.com.au/news/16916-no-evidence-chinese-buyers-are-driving-up-housing-prices?utm_source=SmartPropertyInvestment&utm_campaign=09_10_17&utm_medium=email&utm_content=2

‘No evidence’ Chinese buyers are driving up housing prices

Despite the public perception that Chinese buyers are pushing up housing prices, there’s “no evidence” of this, according to a new report from China research group, Cross Border Management.

Smart Property Investment

http://www.abc.net.au/news/2017-10-08/inner-city-retirement-high-rises-increasing-perth/9024936

'Like living on a cruise ship': WA retirement villages enter a new generation

A projected shortage of retirement village units over the next decade has left those in the industry scrambling to catch up, as discerning seniors demand ever more sophisticated facilities at their new homes.

ABC

http://www.smh.com.au/business/property/the-8b-exodus-sydney-home-owners-are-selling-up-and-queensland-is-the-big-winner-20171005-gyvdco.html

The $8 billion Sydney exodus

Sydney home owners are selling up and Queensland is the big winner

The Sydney Morning Herald

http://www.afr.com/real-estate/residential/the-downside-of-purplebricks-12000-fee-house-still-for-sale-20171005-gyuple

The downside of Purplebricks: $12,000 fee, house still for sale

When Kerryn Lehmann decided to sell her Sydney home through Purplebricks, she thought she'd save thousands in commission, but she hasn't sold her house and has been left with a $12,000 bill.

The Australian Financial Review

https://www.dezeen.com/2017/10/05/neave-brown-interview-high-rise-buildings-only-for-very-rich-social-housing/?utm_medium=email&utm_campaign=Dezeen%20Mail%20538&utm_content=Dezeen%20Mail%20538%20Version%20A%20CID_1727bdb18744c26781ddd4023256eee7&utm_source=Dezeen%20Mail&utm_term=Read%20the%20interview

High-rise buildings should only be used to house the very rich, says Neave Brown

Tower blocks like Grenfell should never have been built, says 2018 Royal Gold Medallist Neave Brown, who believes high-rise housing ostracises council tenants.

Dezeen

https://theconversation.com/vital-signs-the-data-is-mixed-but-worrying-signs-from-mortgagees-85035

Vital Signs: the data is mixed but worrying signs from mortgagees

In the US leading up to 2008, many borrowers with adjustable-rate mortgages didn’t realise the rates ratcheted up sharply after a period.

The Conversation

https://sourceable.net/australia-must-improve-waterproofing-standards-practices/

Australia Must Improve Waterproofing Standards and Practices

Australian waterproofing standards and practices lag those in the UK and the US, says Paul Evans, President of the Australian Institute of Waterproofing.

Sourceable